Hyderabad: The head office in Japan, Omron Healthcare, which established its Indian arm in 2010, is signing growth plans for India, which include setting up a manufacturing unit in India and expanding its retail footprint. Of all the production stations, the company is considering the suitability to set up a unit in Medical Devices Park in Sultanpur, Telangana.
Masanori Matsubara, Managing Director, Omron Healthcare India, told Telangana Today: ‘We are currently evaluating several options. We look at several states in India. Medical device park in Telangana is definitely on our tickets. “We will either set up our unit in India or even have a rule for the production of contracts if a suitable manufacturing partner is found.”
Omron has three facilities worldwide, including Japan, Vietnam and China. India is a large and growing market and with a manufacturing base it can progress rapidly in the country, he added.
The company markets a range of products in India that include digital blood pressure monitors, nebulizers, thermometers, nerve stimulators, body fat monitors and scales. The company has expanded its retail range in the form of an experience center in Hyderabad, making it the third center in India. Omron claims to have a 44 percent market share in Hyderabad’s blood monitoring segment.
Matsubara added: ‘By 2021, the company expects to have ten retail outlets in India. There are plans to set up a center in Warangal as part of the scale in South India, where it sees potential to contribute 40 per cent of its sales in the next fiscal. The company expects a turnover of 220 million in India during the period. ‘
The company, which has already launched paired devices worldwide, plans to soon bring smartwatches to India, which will provide medical insights to both individuals and doctors. The company has 54 percent of the market share in the digital BP monitoring segment in India, backed by advanced IntelliSense and IntelliWrap technology.
Source: Telangana Today